Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


TPP misses another deadline at APEC meeting

TPP misses another deadline at APEC meeting as dangerous concessions loom in China FTA

“Leaders from the 12-nation TPP negotiations meeting on the sidelines of the larger APEC meeting, have missed yet another deadline to close the deal. This partly reflects the influence on governments of public resistance to the US TPP agenda. This agenda includes more monopoly rights for higher medicine prices, more copyright restrictions on the Internet and special rights for foreign investors to sue governments for damages if a change in domestic law can be claimed to harm their investment, known as ISDS,” Dr Patricia Ranald, Coordinator of the Australian Fair Trade and Investment Network (AFTINET) said today.

“The TPP talks have dragged on for nearly 5 years with many missed deadlines. The US and Japan also continue to disagree about market access to their own agricultural and vehicle markets, and have not made market access offers to other countries. Australia has almost nothing to gain in market access because it already has free trade agreements with most of the TPP countries, including the US and Japan,” said Dr Ranald.

“Despite no market offers from the most powerful players, Australia and other TPP governments are being pressured to make more and more concessions in areas of domestic policy in the vain hope of some crumbs of increased market access,” said Dr Ranald.

“Medicines, copyright and other public interest regulation should be decided through open democratic parliamentary processes, not secretly traded away behind closed doors. The full text of the TPP should be release before it is signed, so we can test the government’s claims about any benefits,” added Dr Ranald.

“The Coalition Government has also placed itself in a weak bargaining position by appearing desperate to meet a deadline next week for completion of the China free trade agreement, thus paving the way for further concessions. China is already our largest trading partner, and Australia has very little to offer. One danger is that the Government will agree to demands from major project investors that they be able to import most of the workforce from China, without labour market testing to determine whether locals are available,” said Dr Ranald.

“Another danger, as with the TPP, is the inclusion of investor rights to sue governments over changes in domestic legislation. We could face a scenario where investors in major projects sue local, State or Federal governments for damages over a change in environmental or other regulation. Such concessions are clearly against the national interest,” said Dr Ranald.

“It is not acceptable to grandly announce that that the deal has been signed when the details cannot be scrutinised. The full text of the China free trade agreement should be released before it is signed so we can see what concessions have been made,” said Dr Ranald.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Local Responses To The Global Problems Of Inflation

In the United Kingdom, inflation is running at its highest rate in 30 years. In the US, inflation hit 7% during 2021. You wouldn’t want to be in Estonia, where inflation has just hit 12%. Across the Eurozone – the measurement methods vary – inflation is averaging out at 5%. In Canada, inflation is running at its highest level in 30 years. Inflation is not simply a problem afflicting developed countries. In a developing country like Brazil inflation is running at its highest level in seven years...


The Treasury: Financial Statements Of The Government Of NZ For The 5 Months Ended 30 November 2021
Interim Financial Statements of the Government of New Zealand for the 5 months ended 30 November 2021... More>>


Government: Announces Three Phase Public Health Response To Omicron
The Government has announced a three phase Omicron plan that aims to slow down and limit the spread of an outbreak, Associate Minister of Health, Dr Ayesha Verrall announced today. “Through the course of managing Omicron, we will be taking a phased approach. As case numbers grow both testing and isolation approaches will change in response... More>>

Save The Children: Thousands Join Call To Retain New Zealand’s Children’s Commissioner

More than 6000 Kiwis have joined Save the Children New Zealand’s call to retain the vital role of Children’s Commissioner, as the Government considers a new bill proposing major changes to the office, including the removal of a named Children’s Commissioner... More>>

TradeMe: New Zealand Rents Climb $40 Per Week In One Year

New Zealand’s national median rent climbed $40 a week in 2021 to reach $560 in December, according to Trade Me’s latest Rental Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national median weekly rent showed an 8 per cent annual increase... More>>

Transparency International: New Zealand Retains Top Ranking In Annual Corruption Perceptions Index
New Zealand is once again ranked least corrupt in the world by Transparency International’s annual Corruption Perceptions Index. This year New Zealand’s score of 88 out of 100 is unchanged resulting in it being first equal with Denmark and Finland... More>>

TradeMe: Property Prices Increase By A Record 25% In One Year
In December, the national average asking price jumped by a quarter year on year, to reach a new high of $956,150, according to the latest Trade Me Property Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national average asking price increase was the largest on record... More>>




InfoPages News Channels